Tax Bill Passed By the Tennessee General Assembly to Allow Additional Time to File Franchise and Excise Tax, Individual Income Tax, and Gift Tax Returns in Certain Circumstances
The Internal Revenue Service announced on March 19, 2012 that taxpayers who reside or have a business in Bradley, Claiborne, Cumberland, DeKalb, Hamilton, Jackson, McMinn, Monroe, Overton and Polk counties are granted an extension by the Internal Revenue Service until May 31, 2012 for certain federal tax obligations due after February, 29, 2012 and on or before May 31, 2012.
House Bill 2372 and Senate Bill 2234 were passed by the Tennessee General Assembly on Monday, April 16, 2012, allowing the Commissioner of Revenue to extend until May 31, 2012, the due date for filing the franchise and excise tax, gift tax, and individual income tax returns and payments that were originally due on April 17, 2012. This extension only applies to individuals and businesses located in the federally declared disaster areas in Bradley, Claiborne, Cumberland, DeKalb, Hamilton, Jackson, McMinn, Monroe, Overton and Polk counties.
Tax information relative to Tennessee counties declared to be federal disaster areas can be found at IRS' Tennessee Disaster Newsroom page.